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Claymore announces exchange ratio for the merger of Claymore Canadian Fundamental 100 Monthly Income ETF and Claymore Canadian Fundamental Index ETF

TORONTO, Oct. 1 /CNW/ - Claymore Canadian Fundamental Index ETF and
Claymore Canadian Fundamental 100 Monthly Income ETF (collectively, the
"Funds") announced today that the exchange ratio used to determine the number
of Advisor Class Units of Claymore Canadian Fundamental Index ETF ("CRQ")
received by unitholders of Claymore Canadian Fundamental 100 Monthly Income
Fund ("RFI") upon the merger of the Funds was 0.8615 based on the relative net
asset value of each of CRQ and RFI on September 28, 2007. After the close of
the merger of CRQ and RFI, 0.8615 Advisor Class Units of CRQ were issued to
unitholders of RFI.
As at September 28, 2007, the net asset value per unit of each of the
Funds was as follows:
- CRQ.A - $12.2126
- RFI - $10.5209
The Merger was completed on October 1, 2007. On October 1, 2007, all
units of RFI were redeemed and RFI unitholders received CRQ Advisor Class
Units on such date. CRQ is the continuing fund and CRQ Advisor Class Units
will continue to trade under the symbol CRQ.A. The units of RFI ceased to
trade on October 1, 2007.
About Claymore Investments, Inc.
Claymore Investments, Inc. serves as Manager to the Funds. Claymore is a
wholly-owned subsidiary of Claymore Group, Inc., a financial services and
asset management company based in the Chicago, Illinois area. Claymore Group
entities provide supervision, management, servicing or distribution on over
US$17.5 billion in assets through various investment products including
closed-end funds, open-end funds and exchange-traded funds as at August 31,
2007.
For further information about any of the Funds or Claymore Investments,
Inc., please contact your financial advisor or visit our website at
www.claymoreinvestments.ca.